Ethereum Creator Donates OmiseGo and KyberNetwork Earnings

Vitalik Buterin, the creator of Ethereum, committed in a tweet today to donate all of his earnings from advising projects like OmiseGo and KyberNetwork either to charity or to second layer implementation efforts. Second layer is a layer of the Ethereum blockchain dedicated to speeding up the Ethereum network and increasing transaction throughput.

While Vitalik is often called out on social media for having spent his suddenly-appreciated Ether on Lambos, a common gag in the cryptocurrency world, Buterin keeps proving people wrong and showing his altruistic side, helping projects he believes in with no monetary attachment to them whatsoever. His salary is covered by the Ethereum Foundation which itself is financed by the Ethereum pre-sale of 2014. This also guarantees Vitalik's neutrality.

As a reminder, OmiseGo (token: OMG) is a project of the Omise company which offers payment gateway services and systems in Asia – they've been around since 2013 and are offering solutions for online and in-store payments via fiat currency, and now crypto currency. Because of their existing popularity, market coverage, and inertia, their entry into the market is much easier than that of the competition. OmiseGo itself is already being used in McDonalds all over Thailand.

KyberNetwork is a decentralized crypto asset exchange not unlike Bitshares or Etherdelta, with its own token for network participation.

Bruno has a Master's Degree in English Language and Literature and Computer Science, and has been in web development and publishing for over a decade. He's been in the blockchain space since 2015. He's an avid board gamer and VR enthusiast - find him on Oculus and Steam as TheSwader. He frequently rants on Twitter.